Shippers had their best month in August for U.S. bound cargoes since at least 2007 in August, with a 5% growth in volumes vs. a year earlier. MSC and Maersk both added nearly a half percentage point of market share (to 8.5% and 6.3% respectively) in the month. This came at the expense of CMA-CGM and Asian shippers including K-Line. Hanjin Shipping actually grew its volumes during the month – volumes in TEUs were 8% higher in August vs. July – until it failed at month end. MSC and Maersk’s early addition of extra routes to take advantage of this may place them well to further build market...
Supply Chain Research
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